Q3 2017 EPS Estimates for Trinidad Drilling Ltd. (TSE:TDG) Cut by Analyst
Trinidad Drilling Ltd. (TSE:TDG) – Research analysts at National Bank Financial lowered their Q3 2017 earnings per share estimates for shares of Trinidad Drilling in a research report issued to clients and investors on Wednesday. National Bank Financial analyst G. Colman now expects that the company will post earnings per share of ($0.07) for the quarter, down from their prior estimate of ($0.05). National Bank Financial also issued estimates for Trinidad Drilling’s Q4 2017 earnings at ($0.06) EPS, FY2017 earnings at ($0.20) EPS and FY2018 earnings at ($0.17) EPS.
A number of other analysts also recently weighed in on TDG. Canaccord Genuity downgraded shares of Trinidad Drilling from a “buy” rating to a “hold” rating and cut their price target for the stock from C$2.50 to C$1.90 in a report on Wednesday, August 2nd. BMO Capital Markets raised shares of Trinidad Drilling from a “market perform” rating to an “outperform” rating and set a C$3.00 price target for the company in a report on Thursday. Royal Bank Of Canada cut their price target on shares of Trinidad Drilling from C$4.50 to C$4.00 and set an “outperform” rating for the company in a report on Wednesday, May 3rd. Finally, Scotiabank upped their price objective on shares of Trinidad Drilling from C$4.25 to C$4.50 and gave the stock an “outperform” rating in a research report on Wednesday, May 3rd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$3.54.
Shares of Trinidad Drilling (TSE:TDG) opened at 1.65 on Monday. The company has a 50-day moving average of $1.89 and a 200-day moving average of $2.32. The company’s market capitalization is $460.60 million. Trinidad Drilling has a one year low of $1.61 and a one year high of $3.77.
Trinidad Drilling Company Profile
Trinidad Drilling Ltd. is a Canada-based company, which operates in the drilling sector of the North American oil and natural gas industry, with operations in Canada and the United States. The Company operates through five segments, which include Canadian Operations, US and International Operations, Manufacturing Operations, Joint Venture Operations and Corporate.
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